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Disney: Bob Iger bets the company (and Hollywood's future) on streaming

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Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#151

While his position is [partly] accurate, it's not exactly revelatory. People, notably internet pirates, were saying this 20 years ago. People are going to get fed up if they've got to pay for dozens of streaming services to get all the shows that they want. On top of that, a lot of these platforms are still shoving ads in our faces. If streaming manages to become worse than cable, people might just spend less time wa…

The thing is Disney's content is special enough to merit being one of the two or three services everyone gets.

Kids viewing habits are so special I've shown Frozen many times more than any other show. I'm sure there are families who'd pay just to see Cars or similar over and over again.

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#152

Earlier quoted context omitted.

I've canceled (and later resubscribed) to Netflix, Hulu, and Amazon without ever picking up the phone.

This is easy now. Just wait until retention starts hurting their bottom line.

That's not legal in California since 2018. From SB 313, which requires that a subscription that was initially started online shall be cancelable online as well:

a consumer who accepts an automatic renewal or continuous service offer online shall be allowed to terminate the automatic renewal or continuous service exclusively online

https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#153

While his position is [partly] accurate, it's not exactly revelatory. People, notably internet pirates, were saying this 20 years ago. People are going to get fed up if they've got to pay for dozens of streaming services to get all the shows that they want. On top of that, a lot of these platforms are still shoving ads in our faces. If streaming manages to become worse than cable, people might just spend less time wa…

The thing is Disney's content is special enough to merit being one of the two or three services everyone gets. Kids viewing habits are so special I've shown Frozen many times more than any other show. I'm sure there are families who'd pay just to see Cars or similar over and over again.

That 3hr highlight reel they dropped last week was such a flex. I'd get it just to get all their old animation movies.

Disney's library is stronger than anyone else's and they know it

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#154

Earlier quoted context omitted.

That's not how it works. For one, it's the age-old anticonsumer situation, but a fully distributed edition. People value movies and shows by title, not by distributor. Platforms aggregate orthogonally to that. The end result is, even if you ranked all the movies/shows by how much you wanted to that and restricted yourself to top 10, you'll likely end up having to subscribe to all the mainstream platforms to get them.…

Popular entertainment becomes popular culture, and if you want to participate in the society and build relationships with other people, you kind of have to be at least aware of some of the current offerings of that popular culture. Oh come on. Are you really claiming that if you can talk with your friends about Stranger Things, but not Game of Thrones because you don't have HBO, then you face some kind of serious imp…

> Oh come on. Are you really claiming that if you can talk with your friends about Stranger Things, but not Game of Thrones because you don't have HBO, then you face some kind of serious impediment to participating in society? That strikes me as completely ridiculous.

Perhaps not serious, but an impediment, yes. Stranger Things is not for everyone, but Game of Thrones actually was the #1 topic in the office at previous workplace for almost the entire time I've been there. But I have an even better example: Chernobyl. My wife and I were to Chernobyl, so we didn't feel in a particular hurry to watch the TV portrayal. But once everyone on our Facebook feeds - and I mean everyone, including people who can't spell "nuclear" half the time - started talking about the show, and started bringing it up in meatspace meetings, we kind of felt left out, so we sat down and just watched it.

That's how the popular culture rolls. You can't be in sync with it all the time, but you have to stay in sync with hit some of the time, if you want to participate in group conversations.

> Customers don't like a big monolithic bundle because the single bill is too expensive.

> Customers also don't like a la carte content (...) because each individual bill is too expensive.

You've just identified the problem with these two options :). Remember that video is one of few cases when people are just being nice by offering to subscribe to these streaming services. They always have the option of getting that content for free, or at a fraction of the price.

> So what's your proposal? It's not like the market isn't trying to cater to customers here.

I believe it isn't. The market is trying to gouge customers, and currently is in the state of balkanizing.

> Do you propose we pass laws that restrict companies from creating exclusive content?

That would be a start. But the emphasis is on "exclusive", not "creating" - an equivalent way of putting is would be a law restricting companies from exclusively licensing the content. So for starters, streaming services should get unbundled from the shows they carry and compete on the actual value they provide - UI and curation (i.e. categorization, sorting order; though honestly, that should be a separate, orthogonal service).

(You'll note I'm only talking about exclusivity here, not IP ownership. The money for streaming, say, GoT would still go to HBO regardless of where they were streamed, but HBO shouldn't be able to refuse to license other platforms to steal it.)

> Or should we pass laws that restrict content from costing more than a specific amount?

Nah, competition - actual competition - between streaming platforms would do the rest. Movies and TV shows are non-substitutable goods, so exclusive deals prevent competition from happening.

> Why? Just because customers insatiably want and want and want?

So the industry spends billions on brainwashing[0] people into wanting more and more, plays off the FOMO, and you're surprised "customers insatiably want and want and want"? Maybe they should stop hooking them on hard drugs. With companies telling people to consume more and more, giving them more and more stuff to consume, and with politicians and economists saying this is good, because our economy needs to grow exponentially - I find it funny... no, disingenuous, to see customers being blamed.

--

[0] - I'm past calling marketing and advertising anything less than that.

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#155
post #47

Earlier quoted context omitted.

That's not how it works. For one, it's the age-old anticonsumer situation, but a fully distributed edition. People value movies and shows by title, not by distributor. Platforms aggregate orthogonally to that. The end result is, even if you ranked all the movies/shows by how much you wanted to that and restricted yourself to top 10, you'll likely end up having to subscribe to all the mainstream platforms to get them.…

Entertainment is not really pop culture and is diverse enough these days, thanks to the internet, that you can easily not find a single tv show or a movie to talk about with someone.

With a someone, yes. But the role of pop culture has always been to facilitate conversations in group settings, especially groups when not all participants know each other well.

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#156

Earlier quoted context omitted.

> Would you also like the government to “build a market” so that everyone can have all the software they want Yes, of course I would like the democratically elected government to run the economy in a sane way. > and have the government decide what a fair amount for software is? No, that would be absurd. The fair amount for software is equal to its marginal cost which is zero.

So how should we pay for software developers? Should software as service products that have hosting cost also be free?

> So how should we pay for software developers?

Taxes, of course. That's how we fund things where individually charging people does not make sense.

> Should software as service products that have hosting cost also be free?

Generally not, why?

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#157

Earlier quoted context omitted.

1. If cultural works are important, it's important that people can access them. 2. If they aren't, let's get rid of them and reallocate resources to more important things. 3. If allocating resources is the job of the market, then the market has decided that these cultural works are important. GOTO 1.

Who's talking about cultural works that people can't access? What we're talking about is how much money they can access them for, and how many services they have to sign up to access them, and whether every single person needs access to every single work. Your analysis is way too simplistic for this conversation.

For everyone who doesn't have infinite money, cultural works costing money means they can't access (some of) them.

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#158

Earlier quoted context omitted.

> Would you also like the government to “build a market” so that everyone can have all the software they want Yes, of course I would like the democratically elected government to run the economy in a sane way. > and have the government decide what a fair amount for software is? No, that would be absurd. The fair amount for software is equal to its marginal cost which is zero.

Not trying to be rude: I’m not sure you really know what “marginal cost” means and it’s relation to a product’s economic impact. Twice, so far, you’ve used it here in the wrong context.

Please explain then.

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#159

Earlier quoted context omitted.

So how should we pay for software developers? Should software as service products that have hosting cost also be free?

> So how should we pay for software developers? Taxes, of course. That's how we fund things where individually charging people does not make sense. > Should software as service products that have hosting cost also be free? Generally not, why?

So now we are going to charge higher taxes to subsidize software developers.

Are we also going to have a centralized “5 Year Plan” for the economy? How has this worked for China and Russia. They realized decades ago that this didn’t work.

Re: Disney: Bob Iger bets the company (and Hollywood's future) on streaming

#160
post #149

Earlier quoted context omitted.

Netflix’s issue is not the quality of content - it’s their business model. They are borrowing billions to create content with the only way to recoup the cost is mostly by subscription revenue. Their initial rationale was that they were building a content library that would have value. But, they admitted during the last conference call that subscriber growth was slow expectations because they didn’t have any new big r…

Loads of young people wouldn't care about Star Wars, Marvel, ... if they didn't release high budget movies regularly. How many kids under 20 care about the biggest franchises from the 80s like Indiana Jones, Beverly Hills Cop, Back to the Future, Ghostbusters or ET ? How many adults would still rewatch them ? I think old content is overrated. People subscribe for the new stuff. If they watch old stuff, it's mostly to…

The whole Disney Vault concept has been successful for decades. Disney’s early animation is still popular generation after generation.
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